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This paper provides empirical evidence in favor of the hypothesis that the secular price increase in the 16th century is mainly caused by money supply developments as the discovery of new mines in Latin America. First we review price developments for several European countries over the 16th...
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(such as credit cards, debit cards) and innovative convenient financial services using mobile phones and smart phones … and credit cards for a long time and other cashless payment tools in recent years. The low interest rate environment …
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's current account dilemma is not in fact a dilemma, because the creation of additional US dollars requires dollar credit …
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